Rosenbauer International : Annual Financial Report 2021

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Annual Financial Report 2021

DISCOVER OUR EXPEDITION INTO A RESPONSIBLE DECADE

CONTENTS

02
REPORT
3	General Information
9	Economic report
20	Other legal information
23	Risks and opportunities
28	Forecast report
32	CONSOLIDATED FINANCIAL
123
129

GROUP MANAGEMENT

STATEMENTS

Auditor's report

Statement of all legal representatives

130 ROSENBAUER

INTERNATIONAL AG

• 131 Management Report

• 158 Financial Statements

• 184 Auditor's report

• 189 Statement of all legal representatives

Rosenbauer Annual Financial Report 2021

Power supply

The Rosenbauer power generator produces enough energy to allow multiple submersible pumps to be operated simultaneously in the event of flooding (e.g. to pump out cellars).

General information

CORPORATE STRUCTURE

The world's leading system provider for fire protection Rosenbauer is the world's leading system provider for preventive firefighting and disaster protection technology. The international group of companies develops and produces vehicles, fire extinguishing systems, fire and safety equipment and digital solutions for professional, industrial, plant and volunteer fire services and systems for preventive fire protection.

The listed company Rosenbauer International AG based in Leonding, Austria, functions as the parent company of the Rosenbauer Group. It is also the largest production company, the research and development center and is responsible for the management of the Group.

In 2021, the Rosenbauer Group generated revenues of € 975.1 million. The individual product groups contributed to this as follows: Vehicles 76%, Fire & Safety Equipment 9%, Preventive Fire Protection 3%, Customer Service 8% and Other Revenues 4%. With a global market share of 14.8%1 of late, Rosenbauer is the leading manufacturer of firefighting vehicles. Latest available market data from 2020.

Unique, global network

The Rosenbauer Group operates 15 production locations in nine countries on three continents and meets all major world standards with products manufactured in Europe, the US and Asia. It also has its own sales and service companies in 14

1 Own calculation based on figures from the World Bank and the UN as well as annual reports and expert estimates.

countries as well as approximately 240 independent trading partners around the world.

The sales organization is divided into five sales regions: CEEU (Central and Eastern Europe), NISA (Northern Europe, Iberia, South America and Africa), MENA (Middle East and North Africa), APAC (Asia-Pacific) and NOMA (North and Middle America).

The areas are responsible for all business in their regions. They analyze market requirements, initiate product developments, are in charge of sales and service and run their production plants. The area organization is intended to strengthen established markets and to focus on cultivating those with lower penetration to date. Preventive Fire Protection activities are presented in a separate segment.

Overall, Rosenbauer is represented in around 120 countries and therefore has an international network that is unique in the firefighting industry.

Number one for innovations

With its innovative products, Rosenbauer wants to define state-of-the-art technology and actively develop customer demand. Accordingly, research and development are of central importance to the Group. The Rosenbauer innovation process systematically integrates industry-relevant megatrends, findings from market observation, customers' requirements and employ-ees' suggestions. The Rosenbauer Group holds around 220 patents in the various segments.

The Group invested € 24.3 million in research and development in 2021 (2020: € 19.9 million). This represents 3.8% (2020: 2.6%) of the relevant net proceeds of in-house production. The capitaliza-

Revenues by product segment 2021

Research and development/R&D ratio

R&D (in € million)

R&D ratio

8% Customer Service

4% Others 202124.33.8%

202019.92.6%

201920.23.0%